Government meets GHS 1.4bn T-bills target; mobilize GHS 1.08bn from 2-year bond
Government on Friday, February 11, 2022, met its target of raising GHS 1,407 million in the auction of its 91,182 and 364-day treasury bills.
Per the auction results report released by the Bank of Ghana (BoG), bids tendered in by primary dealers for the 91 days T-Bills, amounted to GHS 957 million with government accepting all bids tendered in.
Bids for the 182 and 364 days T-Bills also amounted to GHS 423 million and GHS 130 million respectively with government once again accepting all bids made for the short-term debt instruments.
Bids tendered in for the 91,182 and 364 days were sufficient to meet their respective targets.
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Cumulatively, government was able to mobilise some GHS 1,506 million from the auction, exceeding its target of Ghs 1,407 million by GHS 99 million.
Additionally, government mobilized some GHS 1.08bn at a coupon rate of 19.75% from the issuance of a 2-year cedi denominated bond.
The 2-yr cedi denominated bond set to mature in February 2024 was opened to both resident and non-resident investors.
Bond market specialists that facilitated the issuance of the 2-year bond were Absa, Databank, Cal Bank, Ecobank, GCB, IC Securities, Stanbic and Black Star.
Read auction results below:
Auctresults-1785 by Fuaad Dodoo on Scribd
